On July 23, ServiceNow rose 5.55% in pre-market trading, trading at $100.43/share, with turnover of $3.8037 million, as the market reacted positively to the company's stronger-than-expected second-quarter results released after the prior session's close.

ServiceNow reported Q2 revenue of $3.987 billion, surpassing the consensus estimate of $3.928 billion, representing approximately 24% year-over-year growth. Adjusted earnings per share came in at $0.90, beating the $0.85 analyst expectation by 5.88% and marking a roughly 10% increase from $0.82 in the year-ago period. Q2 subscription revenue reached $3.88 billion. Fueled by sustained AI-driven software demand, the company raised its full-year subscription revenue outlook to $15.76 billion to $15.78 billion.

The beat effectively reversed negative sentiment that had weighed on ServiceNow in the prior session, when shares fell over 5% amid IBM's disappointing preliminary results pressuring the broader software sector. Separately, ServiceNow announced a $40 million strategic investment in India-based BusinessNext to expand its global financial services footprint and disclosed plans to deepen partnerships with Palo Alto Networks and CrowdStrike.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)